Can ADA Price Rebound on Renewed Whale Demand?
Cardano (ADA) has been making headlines recently as its price has seen an 8% jump today. This comes after the coin retested a crucial support level above $0.33 twice this year. With a fully diluted valuation of about $15 billion, Cardano has been stuck in a falling trend since the start of 2025. However, there is hope on the horizon as selling pressure on ADA has decreased in recent months.
Many crypto traders are optimistic about a bullish rebound for Cardano in 2026. This optimism is fueled by the expectation of capital rotation from the precious metals industry and a clearer regulatory outlook for the cryptocurrency market.
One interesting trend to note is the accumulation of ADA by whales while retail investors are dumping their holdings. According to data analysis from Santiment, wallets holding between 100k and 100 million ADA have accumulated 454.7 million coins in the past two weeks, worth over $161 million. On the other hand, wallets with fewer than 100 coins have dumped 22k ADA coins in the past three weeks, valued at about $7,810.
Historically, when whale investors show renewed interest in an asset while retail investors are selling, it often indicates a bullish outlook for the asset. This could be a positive sign for ADA going forward.
From a technical analysis perspective, the ADA/USD pair is currently retesting a weak support level around $0.34. With Bitcoin and Ethereum leading the overall bearish sentiment in the altcoin market, ADA’s price may continue to drop before showing signs of a reversal pattern.
In the weekly timeframe, ADA recently retested a breakout to the downside of a rising trend. This suggests that the price could retest its support level around $0.27 before potentially rebounding towards a new all-time high.
Overall, the future looks promising for Cardano as it navigates through market fluctuations and investor sentiment. As always, it’s important for investors to conduct their own research before making any investment decisions.
